Quote:
Originally Posted by GGG
Don’t get me started on all the automation features on cars. Ban automatics transmissions.
But that aside I think there are civics issues when people don’t understand how taxation works. For example the number of people that don’t understand how a marginal bracket works and instead think they lose money going into a new tax braket is significant.
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Oh absolutely there is a massive lack of understanding of finances among the average person. Hell I had a hair cut yesterday and my barber (early-mid 20s guy) was throwing around a whole ton of terminology but it made almost no sense in the context he was using it. I just had to nod my head and be happy he was cutting my hair and not managing my money lol.
I do think the vast majority of people with simple tax returns should be able to have it done automatically still. I agree with you that people should understand how taxes work, but I feel this opinion will turn into a “old man yells at cloud” viewpoint.